Attempt JAIIB PPB Numerical Practice Quiz & Download Free PDF

1. A customer deposits ₹5,00,000 in a savings account. The bank pays interest at 4% p.a. calculated on a daily balance basis. If the customer maintains this balance for the entire month of July (31 days), what interest amount (approx.) will be credited?

2. A bank grants a term loan of ₹12,00,000 at 10.5% p.a. (monthly reducing balance). The EMI for a 3-year tenure (36 months) is approximately:

3. A locker is rented at an annual rent of ₹3,600. Due to bank employee fraud, the contents worth ₹4,80,000 are stolen. What is the maximum liability of the bank as per RBI guidelines?

4. A customer holds a savings account with a balance of ₹80,000. The bank has a claim of ₹1,20,000 against the same customer on a personal loan. The bank exercises its right of set-off. What will be the net position after set-off?

5. An NRE fixed deposit of USD 10,000 is made when the exchange rate is ₹82 per USD. On maturity after 1 year at 6% p.a., the maturity value in USD is USD 10,600. At maturity, the exchange rate is ₹84 per USD. What is the maturity amount in INR?

6. A customer opens a Basic Savings Bank Deposit Account (BSBDA). His total credits in 12 months are ₹1,10,000 and he makes 8 withdrawals per month through ATM. Which condition is violated?

7. Under the PMLA, suspicious transaction reports (STRs) must be submitted to FIU-IND within how many days of suspicion being formed? If a bank detects a suspicious transaction worth ₹18,00,000 on 5th March, what is the deadline to file the STR?

8. A Cash Transaction Report (CTR) is required for cash transactions of ₹10 lakh and above. A customer makes the following transactions in a single day: ₹3,50,000 deposit in Account A, ₹4,00,000 deposit in Account B, and ₹3,00,000 withdrawal from Account A (all same customer, same branch). Is a CTR required?

9. A company’s shareholding is: Entity X holds 26%, Entity Y holds 24%, and Entity Z holds 50%. The threshold for Beneficial Ownership identification in companies is 25%. Who qualifies as a Beneficial Owner?

10. A cheque is dated 15th January 2024. It is presented for payment on 20th April 2024. What action should the paying bank take?

11. Under the Depositor Education and Awareness Fund (DEAF), if a savings account remains inoperative for 10 years and the balance is ₹45,000, the bank must transfer it to DEAF. What interest rate does RBI pay on DEAF claims to customers?

12. A banker issues a demand draft for ₹2,50,000. The drawer requests cancellation. What is the minimum KYC requirement for the refund?

13. An ATM of a bank is out of cash for 14 hours in a single month. What is the penalty leviable by RBI per ATM per month?

14. Under the Indo-Nepal Remittance Facility, what is the maximum amount per transaction and per year allowed to be remitted by an individual?

15. A bank pays ₹3,00,000 on a forged cheque. The genuine drawer’s signature was forged. The bank later discovers the forgery after 2 months. The bank debited the customer’s account. Who bears the loss ultimately?

16. A Fixed Deposit of ₹10,00,000 is placed for 2 years at 7% p.a. with quarterly compounding. What is the approximate maturity amount?

17. A domestic wire transfer of ₹60,000 is initiated where the originator is not an account holder of the ordering Regulated Entity (RE). As per RBI AML guidelines, what information must accompany this transfer?

18. Under FEMA, a resident individual can remit up to USD _______ per financial year under the Liberalised Remittance Scheme (LRS) without RBI’s prior approval.

19. A recurring deposit of ₹5,000 per month is opened for 24 months at 6.5% p.a. (quarterly compounding). What is the approximate maturity value?

20. A cheque for ₹50,000 is collected by Bank A for its customer. Later it is found the customer had no title to the cheque (stolen cheque). The true owner claims ₹50,000. Under Sec. 131 of NI Act, what must Bank A prove to get protection?